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estate planning

My son told me that I’ve amounted to nothing and he doesn’t want anything to do with me. Should I cut him out of my will?

2020-02-08
By: Staff Writer

Dear Moneyist, My son told me that I’ve amounted to nothing and he doesn’t want anything to do with me. He has nothing to do with me or my side of the family. Do I have to leave my son anything when I die? Should I cut him out ofRead More →

My mom asked for a divorce. My dad replaced her with my grandmother as his pension beneficiary — then took his own life. Who deserves the money?

2020-02-08
By: Staff Writer

Dear Moneyist, On May 30, 2018 my mother moved out all her belongings and informed my father that she was leaving him after 30 years of marriage, and that she would be seeking a divorce.  No papers had been filed at that point. The next day my father went toRead More →

My 93-year-old father got married 4 years ago. He didn’t make a will and has dementia. His wife says we have no rights — is that true?

2020-01-09
By: Staff Writer

Dear Moneyist, My 93-year-old father has dementia. He married his second wife, who is 91, four years ago. He did not make a last will and testament, and cannot legally make one now because of his dementia. He is not expected to live much longer because of heart problems. MyRead More →

Drama over celebrity estates offer a cautionary tale — and not just for the rich and famous

2019-12-16
By: Staff Writer

The widely publicized family feuds surrounding the estates of Tom Petty, Aretha Franklin, Prince and other celebrities vividly illustrate why estate planning is essential to provide for the people and things you care about most, even if you’re not a rock star. While celebrity cases may make headlines, the angst,Read More →

This 90-year-old man with a Ph.D. in economics made a new will 10 days before he died — and it voided his prenup

2019-12-13
By: Staff Writer

Dear Moneyist, My friend’s father was a widower who had roughly $5 million in stocks. He was 84 when he met and soon married his younger bride (a nurse who was 60 at the time, divorced with grown children). She signed a prenuptial agreement when they married. A few yearsRead More →

My stepfather died and did not leave his wife of 21 years, my mother, a red cent — now my step-siblings told us to scram

2019-10-21
By: Staff Writer

Dear Moneyist, My stepfather passed away last year. His will was very confusing and not updated after he married mother. His children (me, my stepbrother and stepsister) were left his businesses and his home. His life insurance was supposed to go to my mother, but the policy was terminated aRead More →

My stepmother hid my father’s will and bequeathed their home to her daughter — how can I claim my inheritance?

2019-10-15
By: Staff Writer

Dear Moneyist, My dad wrote a will before he passed away, but my stepmother wouldn’t let us know anything about it. I know my father wanted to provide for her while she was living. I was told he wouldn’t let her sell the house while she was alive. She justRead More →

I built a nest egg of $1 million and I’m only 46 — so why do I still spend my waking hours worrying?

2019-08-19
By: Staff Writer

Dear Moneyist, Over the past 25 years, my wife, 47, and I, 46, have both held professional careers, making well above the average income. Our home, purchased in 1998 for $84,000, and after $50,000 plus of upgrades and additions, is valued at $185,000. We have invested our money, maxing outRead More →

The father of my child is addicted to buying designer brands — and wants to buy a Jaguar before we buy a house

2019-08-18
By: Staff Writer

Dear Moneyist, I am a 23-year-old female who is in a relationship with a 30-year-old man. We have been together for the past four years and now have a 1-year-old together. He also has one child from a previous relationship. He has a career in the Navy and is planningRead More →

I want to renegotiate my divorce settlement— I pay my wife $3,000 a month, but she still hasn’t gotten a steady job

2019-08-03
By: Staff Writer

Dear Moneyist, I am considering going back to court to reduce the maintenance that I have to pay to my ex-wife (we had a 25-year marriage). We have three children together, and after the divorce I stayed in the home and my children stayed with me. I have been theRead More →

How to give your home to your adult child tax-free

2019-02-23
By: Staff Writer

Before the days of income and estate taxes, adult children often just moved into the family home after their parents died. Unfortunately, it’s not that simple anymore. There are several ways to give a home to your child. And a few are tax-free. But to get the best tax results,Read More →

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